According to the report Latin America Ophthalmology Therapeutics Market, published by Market Data Forecast, The Market was worth $2.68 billion in 2016 and estimated to be growing at a CAGR of 7.9%, to reach $3.91 billion by 2021.
The Latin America Ophthalmology Therapeutics market is showcasing evident potential in the mentioned forecasting period. Ophthalmology is the branch of medicine concerned with the management of eye defects and diseases.
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Latin America market for Ophthalmology Therapeutics is driven by the growing prevalence for vision impairment. Prevalence of vision impairment varies from 1.1% in Argentina to 4.1% in Guatemala in people aged 50 years and above, with the major cause being cataract. Advancements in technology, increasing geriatric population across the continent are some of the key driving factors for the market. However, limited awareness about the various diseases associated with ophthalmology is a major restraint posed by the market. Unclear reimbursement policies are also one of the major restraint for the market growth.
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Latin America Ophthalmology Therapeutics Market: Segmentation
By Indication
- Glaucoma
- Dry Eye Syndrome
- Diabetic Retinopathy
- Retinal Vein Occlusion
- Age-Related Macular Degeneration (AMD)
- Macular Edema
- Allergic Conjunctivitis
By End User
- Hospitals
- Eye Clinics
- Diagnostic Centers
- Patients
Geographically, Latin America Ophthalmology Therapeutics market is analysed under various regions namely Brazil, Argentina and Mexico. Within Latin America, Brazil is the largest market for Ophthalmology Therapeutic devices accounting for a share of approximately XX%.
Pfizer Inc., Allergan Inc., Alcon Inc., Merck & co. Inc. and Roche are the major players in the market accounting for a share of approximately XX%. Other major companies covered in the report are Valeant, Regeneron, Santen, Bayer, Senju, Lpath and Eye Gate Pharmaceuticals
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Reasons to buy Latin America Ophthalmology Therapeutics Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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